The combined effects of EU and UK sanctions on Russian plywood and EU anti-dumping duties on Chinese hardwood plywood and potentially also Brazilian softwood plywood, will impact plywood availability in the EU market. This comes at a time when the level of plywood consumption in Europe is facing significant headwinds. Construction industry buyers reported another decline in construction activity in the Eurozone, with the pace accelerating in July. The latest HCOB Eurozone Construction Purchasing Managers’ Index (PMI) showed the steepest decline in new orders since February. The seasonally adjusted Total Activity Index dropped to 44.7, from ...